PS4 Allows Game Division To Soar In Q4
In with the new!
Sony has revealed their financial results for the last quarter, and the PlayStation 4 helped the game division's revenue rise 64.6 percent to ¥441.8 billion ($4.2 billion).
Unfortunately, as you might expect, sales of the PS3 fell, which partially offset the positive earnings. The company didn't really go into detail concerning the "significant decrease" in PS3 sales, but do we really need that explanation? Of course, many expect PS3 sales to continue going strong for a while, so we'll have to see how the "old" system does in 2014.
Sony only reported the sales of the PS3 and PS4 together, which came in at 7.8 million consoles. For the record, 4.2 million PS4 units had been sold as of the end of December. Combined Vita and PSP sales came in at 2 million, as opposed to 2.7 million during the same period last year. Software sales hit 126 million (physical and digital), way up from the 84 million tallied during the 2012 final quarter. Oh, and there has been a "dramatic increase" in PlayStation Plus subscriptions...again, duh.
Operating income in the game division skyrocketed 292.1 percent to ¥18 billion ($172 million), thanks mostly to the PS4 and "favorable exchange rates." Overall, Sony posted a revenue of ¥2.4 trillion ($22.9 billion) and a profit of ¥27 billion ($257 million) for the quarter. The bad news is that 5,000 jobs will be cut, and they're selling off the VAIO PC brand, as well as spinning of its TV business.
Lots of big changes, yes?
2/6/2014 11:00:53 AM Ben Dutka